SEC Scheduled to Decide on Franklin Templeton Spot XRP ETF in June — Here’s What to Expect

The U.S. Securities and Exchange Commission (SEC) is scheduled to revisit the Franklin Templeton Spot-based XRP ETF on June 17, 2025. The regulator was initially expected to announce its ruling on May 7, 2025, but later disclosed the need to reevaluate regulatory concerns and a proposed rule change. “Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, designates June 17, 2025, as the date by which the Commission shall either approve or disapprove or institute proceedings to determine whether to disapprove the proposed rule change.” Sherry R. Haywood, the Assistant Secretary at the SEC, wrote in a recent release by the regulator. What to expect from the SEC in June According to Bloomberg ETF analyst James Seyffart, the delays in altcoin ETF approvals do not signal a potential disapproval. In fact, Seyffart remarked that these delays are “standard procedures.” As such, the analyst maintains an optimistic outlook for the months ahead. However, it bears mentioning that disapproval for one proposal might not extend to others. Meanwhile, a potential approval of Templeton’s proposal could have a major impact on the price of the XRP token, which is trading at $2.39 at report time. Asset Manager Franklin Templeton (BEN.N) filed a Form S-1 with the U.S. SEC to launch its XRP Spot-based ETF on March 11, 2025. As noted in the firm’s filing, the ETF, designed to track XRP’s price value, will provide price estimates in real-time, with an intraday value intended to be updated every 15 seconds throughout market hours. In 2024, Franklin Templeton’s total asset under management (AUM) was valued at $1.6 trillion, making the investment giant one of the largest in the world, with a market reach spanning across more than 160 countries. The firm’s XRP ETF filing is one of many recorded over the past months. In March, nine investment companies, including leading firms like ProShares, Bitwise, and 21 Shares, filed for an XRP Spot-based ETF with the SEC.

Source: ZyCrypto